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Indice : FTSE
100
Fondé
en 1884, Marks & Spencer Group gère un ensemble de 486 magasins
proposant de nombreux articles de style britannique (vêtements, chaussures
et accessoires, etc.), des produits alimentaires ainsi que des services
financiers. Les magasins se répartissent sous 2 enseignes : Marks
& Spencer (312 points de vente) et Kings Super Markets (174)
-
distribution : vêtements, chaussures et accessoires, hygiène
et beauté, et alimentation ;
-
services financiers : crédit à la consommation, assurance...
Marks
& Spencer is one of the UK's leading retailers of clothing, foods,
homeware and financial services, serving 10 million customers a week in
over 300 UK stores. The Company also trades in 30 countries worldwide,
and has a Group turnover in excess of £8 billion.
Marks
and Spencer Group plc Interim Results 2006/07
The
Group continues to make good progress...
Highlights:
Financial: • Sales up 11.0% at £3,929.4m: UK up 10.5% at £3,647.9m;
International up 17.7% at £281.5m;
•
Adjusted profit before tax up 32.2% at £405.1m; unadjusted profit
before tax £406.5m
•
Adjusted earnings per share up 30.7% at 16.6p; unadjusted earnings per
share 16.7p
•
Interim dividend 6.3p, up 31.3% • Net debt £1,745.6m (1 April 2006:
£1,729.3m) Trading:
•
Q2 UK sales +10.5%: General Merchandise +10.0%; Food +10.9%;
•
Q2 UK like for like sales up 6.4%: General Merchandise +7.9%; Food +4.7%;
•
Market share growth in all product categories (total clothing market share
up 90 basis points to 10.1%*)
•
Food market share up 20 basis points to 4.0%** • UK gross margin up 100
basis points to 43.6%
•
Modernised stores delivering strong returns
•
Agreement reached with BP to roll out Simply Food • Acquisition of 12 stores
to add to Simply Food portfolio
Lord
Burns, Chairman, commented: “The Group continues to make good progress
and is stepping up its investment programme to secure future growth. In
line with our new policy, the Board is proposing an interim dividend increase
of 31.3% to 6.3p per share.”
Quarter
1 Trading Statement 2006/07 - 13 weeks to 1 July 2006
• UK sales up 10.4%: General
Merchandise +11.7%; Food +9.2%;
• UK like for like sales
up 8.2%;
UK Sales for the 13 weeks
to 1 July 2006 were +10.4% in total with General Merchandise +11.7% and
Food +9.2%. Within this Clothing was +10.7% and Home +23.3%. The inclusion
of Easter in the first quarter this year added around 0.8% to both general
merchandise and food sales.
Like for like sales % Q1
2005/06 Q2 2005/06 Q3 2005/06
Q4 2005/06 Q1 2006/07
General Merchandise -11.2
-0.2 +0.8 +8.2 +10.5
Food +0.7 +2.7 +5.1 +5.6
+5.8
Total -5.4 +1.3 +2.9 +6.8
+8.2
Stuart Rose, Chief Executive
said:
“This is an encouraging
performance, albeit against soft comparatives last year. We continue to
focus on improving product, service and the refurbishment of our store
portfolio, 42 of which are currently under development. Market share continues
to
grow.* We are creating 4,000
new jobs in our stores to satisfy extra demand and the new space coming
on stream. Despite the challenging trading environment, we are confident
that we can continue to drive the business profitably.” The Company confirms
that Paul Myners will step down as Chairman at the AGM later today. He
will be succeeded by Lord Burns.
23 May 2006
Marks
and Spencer Group plc Preliminary Results 2005/06 PDF
The Group has made good
progress in a difficult environment. Adjusted earnings per share at 31.4p
are at an all time high...
Marks and Spencer Group
plc Preliminary Results 2005/06 52 weeks ended 1 April 2006
Financial Highlights: unaudited
2005/06 £m 2004/05
£m % inc
• Group revenue 7,797.7
7,490.5 +4.1
UK 7,275.0 7,034.7 +3.4
International 522.7 455.8
+14.7
• Adjusted Group profit
before tax* 751.4 556.1 +35.1
• Group profit before tax
745.7 505.1 +47.6
• Adjusted earnings per
share* from
continuing operations
31.4p 19.2p +63.5
• Basic earnings per share
31.4p 29.1p +7.9
• Final dividend per share
9.2p 7.5p +22.7
• Total dividend per share
14.0p 12.1p +15.7
• Net cash inflow/(outflow)
550.5 (104.5)
• Net debt 1,729.3 2,277.2
**
* Adjusted Group profit
before tax and adjusted earnings per share are internal measures of performance
which exclude the
effect of exceptional items
and asset disposals. They provide additional information on the underlying
performance of the
Group and are consistent
with how we have reported previously under UK GAAP.
** Adjusted for the adoption
of IAS 32 and 39 – “Financial Instruments” to be comparable with net debt
at 1 April 2006.
Paul Myners, Chairman, commented:
“The Group has made good
progress in a difficult environment. Adjusted earnings per share at 31.4p
are at an all time high.
The Board is proposing a final dividend of 9.2p per share, an increase
of 22.7%,
giving a full year dividend
of 14.0p, an increase of 15.7%. The full year dividend is covered 2.2 times
by
earnings. Having re-established
cover at over 2 times, the Board’s policy is to grow dividends broadly
in
line with adjusted earnings
per share growth for each half of the Group’s financial year.” |
